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Mit entrepreneurship Center Elliot Cohen
Agenda
Intros
Background
The Nudist on the Late Shift “Every generation that came before us had to  make a choice in life between pursuing a steady  career and pursuing wild adventures By injecting mind-boggling amounts of risk into the  once stodgy domain of gray-suited business,  young people no longer have to choose. It’s a two-for-one deal: the career path has become  an adventure into the unknown. In six months you might get a job, be laid off, start a company,  sell it, become a consultant, and then, who knows?”
Startup Stages Stage 2 Validation Stage 3 Develop Business Plan Stage 4 Build Product Stage 1 Inspiration /Idea/Tech Stage 5 Scale, Scale, Scale Raising Money
We connect buyers with manufacturers. Paul (Buyer) Julie (Manufacturer)
Validate the idea
Building a prototype
Speed Bumps
The Team…
Why the heck did I stick around? “Its nice to have an end to journey toward, but it’s the journey that matters in the end” - Ursula K. Le Guin
Dig in: GSD
Pivoting
Regrets? What next?
Questions MIT Team Quality: What makes them stand out compared to others? What selection process is there (if any)? To succeed you have to have a technical background – thus writing code should be part of the curriculum What are the key factors for a successful incubator?

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Mit e center - elliot cohen

  • 5. The Nudist on the Late Shift “Every generation that came before us had to make a choice in life between pursuing a steady career and pursuing wild adventures By injecting mind-boggling amounts of risk into the once stodgy domain of gray-suited business, young people no longer have to choose. It’s a two-for-one deal: the career path has become an adventure into the unknown. In six months you might get a job, be laid off, start a company, sell it, become a consultant, and then, who knows?”
  • 6. Startup Stages Stage 2 Validation Stage 3 Develop Business Plan Stage 4 Build Product Stage 1 Inspiration /Idea/Tech Stage 5 Scale, Scale, Scale Raising Money
  • 7. We connect buyers with manufacturers. Paul (Buyer) Julie (Manufacturer)
  • 12. Why the heck did I stick around? “Its nice to have an end to journey toward, but it’s the journey that matters in the end” - Ursula K. Le Guin
  • 16. Questions MIT Team Quality: What makes them stand out compared to others? What selection process is there (if any)? To succeed you have to have a technical background – thus writing code should be part of the curriculum What are the key factors for a successful incubator?

Editor's Notes

  1. [click] We help wholesale buyers of specialty food products, like Hilda, to discover and connect with small and medium sized manufacturers of specialty food products, like Julie.This is a huge problem for Paul . . . . [click] Metro has almost 50,000 in each of it’s stores . . . [click] he is supposed to replace 30% of those each year . . . . there are over 1,000,000 buyers like Paul and there are [click] 100,000 mfrs spending $3.7 b . . . trying to get thru to Paul .Yet there is still no good way for Paul to efficiently find the products he needs (from among the millions of options)Point: We heard from a buyer last week that she spends 2 hours a day looking for new products. In fact she often brings her laptop onto the floor so she can google for a product when she thinks of it, or gets a customer request. But google is almost as inneficient.0:25